View Future GrowthSmartvalue 과거 순이익 실적과거 기준 점검 2/6Smartvalue은 연평균 63.1%의 비율로 수입이 증가해 온 반면, Telecom 산업은 수입이 18% 증가했습니다. 매출은 연평균 7.3%의 비율로 증가했습니다. Smartvalue의 자기자본이익률은 13.8%이고 순이익률은 6.7%입니다.핵심 정보63.12%순이익 성장률63.58%주당순이익(EPS) 성장률Telecom 산업 성장률23.24%매출 성장률7.28%자기자본이익률13.82%순이익률6.72%최근 순이익 업데이트31 Mar 2026최근 과거 실적 업데이트Reported Earnings • 17hThird quarter 2026 earnings released: JP¥23.08 loss per share (vs JP¥13.09 loss in 3Q 2025)Third quarter 2026 results: JP¥23.08 loss per share (further deteriorated from JP¥13.09 loss in 3Q 2025). Revenue: JP¥1.39b (up 26% from 3Q 2025). Net loss: JP¥231.0m (loss widened 70% from 3Q 2025). Over the last 3 years on average, earnings per share has increased by 74% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings.Reported Earnings • Feb 16Second quarter 2026 earnings released: JP¥38.12 loss per share (vs JP¥8.18 loss in 2Q 2025)Second quarter 2026 results: JP¥38.12 loss per share (further deteriorated from JP¥8.18 loss in 2Q 2025). Revenue: JP¥1.59b (up 59% from 2Q 2025). Net loss: JP¥385.0m (loss widened 353% from 2Q 2025). Over the last 3 years on average, earnings per share has increased by 61% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings.공시 • Nov 29Smartvalue Co., Ltd. to Report Q2, 2026 Results on Feb 13, 2026Smartvalue Co., Ltd. announced that they will report Q2, 2026 results on Feb 13, 2026공시 • Sep 27Smartvalue Co., Ltd. to Report Q1, 2026 Results on Nov 14, 2025Smartvalue Co., Ltd. announced that they will report Q1, 2026 results on Nov 14, 2025Reported Earnings • Aug 16Full year 2025 earnings released: EPS: JP¥88.14 (vs JP¥33.49 loss in FY 2024)Full year 2025 results: EPS: JP¥88.14 (up from JP¥33.49 loss in FY 2024). Revenue: JP¥4.36b (up 14% from FY 2024). Net income: JP¥916.0m (up JP¥1.26b from FY 2024). Profit margin: 21% (up from net loss in FY 2024). Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings.공시 • Jun 27Smartvalue Co., Ltd. to Report Fiscal Year 2025 Results on Aug 14, 2025Smartvalue Co., Ltd. announced that they will report fiscal year 2025 results on Aug 14, 2025모든 업데이트 보기Recent updatesReported Earnings • 17hThird quarter 2026 earnings released: JP¥23.08 loss per share (vs JP¥13.09 loss in 3Q 2025)Third quarter 2026 results: JP¥23.08 loss per share (further deteriorated from JP¥13.09 loss in 3Q 2025). Revenue: JP¥1.39b (up 26% from 3Q 2025). Net loss: JP¥231.0m (loss widened 70% from 3Q 2025). Over the last 3 years on average, earnings per share has increased by 74% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings.New Risk • Apr 07New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 6.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (90% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (6.8% average weekly change). Market cap is less than US$100m (JP¥3.67b market cap, or US$23.0m).Valuation Update With 7 Day Price Move • Apr 03Investor sentiment improves as stock rises 16%After last week's 16% share price gain to JP¥385, the stock trades at a trailing P/E ratio of 8.1x. Average trailing P/E is 13x in the Telecom industry in Japan. Total loss to shareholders of 1.1% over the past three years.Valuation Update With 7 Day Price Move • Feb 20Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to JP¥334, the stock trades at a trailing P/E ratio of 7.3x. Average trailing P/E is 14x in the Telecom industry in Japan. Total loss to shareholders of 25% over the past three years.New Risk • Feb 18New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 90% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (90% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Market cap is less than US$100m (JP¥3.55b market cap, or US$23.1m).Reported Earnings • Feb 16Second quarter 2026 earnings released: JP¥38.12 loss per share (vs JP¥8.18 loss in 2Q 2025)Second quarter 2026 results: JP¥38.12 loss per share (further deteriorated from JP¥8.18 loss in 2Q 2025). Revenue: JP¥1.59b (up 59% from 2Q 2025). Net loss: JP¥385.0m (loss widened 353% from 2Q 2025). Over the last 3 years on average, earnings per share has increased by 61% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings.공시 • Nov 29Smartvalue Co., Ltd. to Report Q2, 2026 Results on Feb 13, 2026Smartvalue Co., Ltd. announced that they will report Q2, 2026 results on Feb 13, 2026공시 • Sep 27Smartvalue Co., Ltd. to Report Q1, 2026 Results on Nov 14, 2025Smartvalue Co., Ltd. announced that they will report Q1, 2026 results on Nov 14, 2025공시 • Sep 06Smartvalue Co., Ltd. (TSE:9417) announces an Equity Buyback for 470,000 shares, representing 4.52% for ¥200 million.Smartvalue Co., Ltd. (TSE:9417) announces a share repurchase program. Under the program, the company will repurchase up to 470,000 shares, representing 4.52% of its issued share capital (excluding treasury stock), for a total purchase price of ¥200 million. The purpose of the program is to improve capital efficiency and enhance shareholder returns. The program will continue through November 30, 2025. As of June 30, 2025, the company had 10,392,310 issued shares (excluding treasury stock) and 287,490 treasury shares.Reported Earnings • Aug 16Full year 2025 earnings released: EPS: JP¥88.14 (vs JP¥33.49 loss in FY 2024)Full year 2025 results: EPS: JP¥88.14 (up from JP¥33.49 loss in FY 2024). Revenue: JP¥4.36b (up 14% from FY 2024). Net income: JP¥916.0m (up JP¥1.26b from FY 2024). Profit margin: 21% (up from net loss in FY 2024). Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings.공시 • Aug 14Smartvalue Co., Ltd., Annual General Meeting, Sep 26, 2025Smartvalue Co., Ltd., Annual General Meeting, Sep 26, 2025.분석 기사 • Jul 22Is Smartvalue (TSE:9417) Using Too Much Debt?Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...공시 • Jul 02WingArc1st Inc. (TSE:4432) acquired Digital Government Business from Smartvalue Co., Ltd. (TSE:9417).WingArc1st Inc. (TSE:4432) agreed to acquire Digital Government Business from Smartvalue Co., Ltd. (TSE:9417) for ¥2.3 billion on April 10, 2025. A cash consideration of ¥2.3 billion will be paid by WingArc1st Inc. As part of consideration, ¥2.3 billion is paid towards assets of Digital Government Business of Smartvalue Co., Ltd. Smartvalue will issue target'a 500 common shares at the time of the Company Split. For the period ending June 30, 2024, Digital Government Business of Smartvalue Co., Ltd reported total revenue of ¥3.81 billion, operating loss of ¥308 million and net loss of ¥348 million. As of June 30, 2024, Digital Government Business of Smartvalue Co., Ltd reported total assets of ¥4.04 billion and total common equity of ¥2.16 billion. The expected completion of the transaction is June 30, 2025. WingArc1st Inc. (TSE:4432) completed the acquisition of Digital Government Business from Smartvalue Co., Ltd. (TSE:9417) on June 30, 2025.공시 • Jun 27Smartvalue Co., Ltd. to Report Fiscal Year 2025 Results on Aug 14, 2025Smartvalue Co., Ltd. announced that they will report fiscal year 2025 results on Aug 14, 2025Upcoming Dividend • Jun 20Upcoming dividend of JP¥8.00 per shareEligible shareholders must have bought the stock before 27 June 2025. Payment date: 29 September 2025. The company is not currently making a profit and is not cash flow positive. Trailing yield: 1.9%. Lower than top quartile of Japanese dividend payers (4.0%). Lower than average of industry peers (3.3%).New Risk • Jun 16New major risk - Dividend sustainabilityThe dividend is not well covered by earnings and cash flows. The company is paying a dividend despite being loss-making. The company is paying a dividend despite having no free cash flows. Dividend yield: 1.9% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Minor Risks Share price has been volatile over the past 3 months (8.3% average weekly change). Market cap is less than US$100m (JP¥4.33b market cap, or US$30.1m).Reported Earnings • May 21Third quarter 2025 earnings released: JP¥13.09 loss per share (vs JP¥1.25 loss in 3Q 2024)Third quarter 2025 results: JP¥13.09 loss per share (further deteriorated from JP¥1.25 loss in 3Q 2024). Revenue: JP¥1.10b (down 1.9% from 3Q 2024). Net loss: JP¥136.0m (loss widened JP¥123.0m from 3Q 2024). Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings.분석 기사 • May 07Smartvalue Co., Ltd.'s (TSE:9417) P/S Is Still On The Mark Following 28% Share Price BounceSmartvalue Co., Ltd. ( TSE:9417 ) shares have had a really impressive month, gaining 28% after a shaky period...분석 기사 • Apr 10Is Smartvalue (TSE:9417) A Risky Investment?Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...New Risk • Apr 07New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 7.1% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (7.1% average weekly change). Market cap is less than US$100m (JP¥3.18b market cap, or US$21.7m).공시 • Apr 03Smartvalue Co., Ltd. to Report Q3, 2025 Results on May 15, 2025Smartvalue Co., Ltd. announced that they will report Q3, 2025 results on May 15, 2025Reported Earnings • Feb 16Second quarter 2025 earnings released: JP¥8.18 loss per share (vs JP¥10.87 loss in 2Q 2024)Second quarter 2025 results: JP¥8.18 loss per share (improved from JP¥10.87 loss in 2Q 2024). Revenue: JP¥1.00b (up 7.1% from 2Q 2024). Net loss: JP¥85.0m (loss narrowed 25% from 2Q 2024). Over the last 3 years on average, earnings per share has increased by 52% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings.공시 • Dec 05Smartvalue Co., Ltd. to Report Q2, 2025 Results on Feb 14, 2025Smartvalue Co., Ltd. announced that they will report Q2, 2025 results on Feb 14, 2025Reported Earnings • Oct 03Full year 2024 earnings released: JP¥33.49 loss per share (vs JP¥4.75 loss in FY 2023)Full year 2024 results: JP¥33.49 loss per share (further deteriorated from JP¥4.75 loss in FY 2023). Revenue: JP¥3.81b (down 1.5% from FY 2023). Net loss: JP¥348.0m (loss widened JP¥300.0m from FY 2023). Over the last 3 years on average, earnings per share has increased by 84% per year but the company’s share price has fallen by 21% per year, which means it is significantly lagging earnings.공시 • Aug 28Smartvalue Co., Ltd. to Report Q1, 2025 Results on Nov 14, 2024Smartvalue Co., Ltd. announced that they will report Q1, 2025 results on Nov 14, 2024Reported Earnings • Aug 19Full year 2024 earnings released: JP¥33.49 loss per share (vs JP¥4.75 loss in FY 2023)Full year 2024 results: JP¥33.49 loss per share (further deteriorated from JP¥4.75 loss in FY 2023). Revenue: JP¥3.81b (down 1.5% from FY 2023). Net loss: JP¥348.0m (loss widened JP¥300.0m from FY 2023). Over the last 3 years on average, earnings per share has increased by 84% per year but the company’s share price has fallen by 24% per year, which means it is significantly lagging earnings.공시 • Aug 14Smartvalue Co., Ltd., Annual General Meeting, Sep 26, 2024Smartvalue Co., Ltd., Annual General Meeting, Sep 26, 2024.분석 기사 • Aug 03Investors Aren't Entirely Convinced By Smartvalue Co., Ltd.'s (TSE:9417) RevenuesIt's not a stretch to say that Smartvalue Co., Ltd.'s ( TSE:9417 ) price-to-sales (or "P/S") ratio of 0.9x right now...공시 • Jun 30Smartvalue Co., Ltd. to Report Fiscal Year 2024 Results on Aug 14, 2024Smartvalue Co., Ltd. announced that they will report fiscal year 2024 results on Aug 14, 2024Upcoming Dividend • Jun 20Upcoming dividend of JP¥8.00 per shareEligible shareholders must have bought the stock before 27 June 2024. Payment date: 27 September 2024. The company is not currently making a profit and is not cash flow positive. Trailing yield: 2.0%. Lower than top quartile of Japanese dividend payers (3.4%). Lower than average of industry peers (3.4%).Reported Earnings • May 21Third quarter 2024 earnings released: JP¥1.25 loss per share (vs JP¥15.44 profit in 3Q 2023)Third quarter 2024 results: JP¥1.25 loss per share (down from JP¥15.44 profit in 3Q 2023). Revenue: JP¥1.13b (down 8.2% from 3Q 2023). Net loss: JP¥13.0m (down 108% from profit in 3Q 2023). Over the last 3 years on average, earnings per share has increased by 84% per year but the company’s share price has fallen by 17% per year, which means it is significantly lagging earnings.분석 기사 • Apr 26What Smartvalue Co., Ltd.'s (TSE:9417) 32% Share Price Gain Is Not Telling YouSmartvalue Co., Ltd. ( TSE:9417 ) shareholders have had their patience rewarded with a 32% share price jump in the last...분석 기사 • Apr 25Does Smartvalue (TSE:9417) Have A Healthy Balance Sheet?Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...New Risk • Apr 25New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 6.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Earnings have declined by 7.0% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (6.7% average weekly change). Market cap is less than US$100m (JP¥4.91b market cap, or US$31.5m).공시 • Feb 25Smartvalue Co., Ltd. to Report Q3, 2024 Results on May 15, 2024Smartvalue Co., Ltd. announced that they will report Q3, 2024 results on May 15, 2024Reported Earnings • Feb 17Second quarter 2024 earnings released: JP¥10.87 loss per share (vs JP¥2.01 loss in 2Q 2023)Second quarter 2024 results: JP¥10.87 loss per share (further deteriorated from JP¥2.01 loss in 2Q 2023). Revenue: JP¥935.0m (down 2.7% from 2Q 2023). Net loss: JP¥113.0m (loss widened 465% from 2Q 2023). Over the last 3 years on average, earnings per share has increased by 74% per year but the company’s share price has fallen by 23% per year, which means it is significantly lagging earnings.공시 • Dec 13Smartvalue Co., Ltd. to Report Q2, 2024 Results on Feb 14, 2024Smartvalue Co., Ltd. announced that they will report Q2, 2024 results on Feb 14, 2024New Risk • Nov 29New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Japanese stocks, typically moving 7.6% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (7.6% average weekly change). Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Earnings have declined by 10% per year over the past 5 years. Minor Risks Shareholders have been diluted in the past year (4.5% increase in shares outstanding). Market cap is less than US$100m (JP¥4.85b market cap, or US$32.9m).Reported Earnings • Nov 19First quarter 2024 earnings released: JP¥16.07 loss per share (vs JP¥9.49 loss in 1Q 2023)First quarter 2024 results: JP¥16.07 loss per share (further deteriorated from JP¥9.49 loss in 1Q 2023). Revenue: JP¥779.0m (down 1.3% from 1Q 2023). Net loss: JP¥167.0m (loss widened 76% from 1Q 2023). Over the last 3 years on average, earnings per share has increased by 55% per year but the company’s share price has fallen by 29% per year, which means it is significantly lagging earnings.공시 • Sep 29Smartvalue Co., Ltd. to Report Q1, 2024 Results on Nov 14, 2023Smartvalue Co., Ltd. announced that they will report Q1, 2024 results on Nov 14, 2023New Risk • Aug 17New major risk - Revenue and earnings growthEarnings have declined by 16% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 349% Paying a dividend despite having no free cash flows. Earnings have declined by 16% per year over the past 5 years. Minor Risks Shareholders have been diluted in the past year (3.5% increase in shares outstanding). Market cap is less than US$100m (JP¥3.94b market cap, or US$27.0m).공시 • Aug 16Smartvalue Co., Ltd., Annual General Meeting, Sep 26, 2023Smartvalue Co., Ltd., Annual General Meeting, Sep 26, 2023.Reported Earnings • Aug 16Full year 2023 earnings released: JP¥4.75 loss per share (vs JP¥0.10 profit in FY 2022)Full year 2023 results: JP¥4.75 loss per share (down from JP¥0.10 profit in FY 2022). Revenue: JP¥3.87b (up 1.8% from FY 2022). Net loss: JP¥48.0m (down JP¥49.0m from profit in FY 2022). Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has fallen by 26% per year, which means it is significantly lagging earnings.공시 • Jun 28Smartvalue Co., Ltd. to Report Fiscal Year 2023 Results on Aug 14, 2023Smartvalue Co., Ltd. announced that they will report fiscal year 2023 results on Aug 14, 2023Upcoming Dividend • Jun 22Upcoming dividend of JP¥8.00 per share at 2.0% yieldEligible shareholders must have bought the stock before 29 June 2023. Payment date: 02 October 2023. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 2.0%. Lower than top quartile of Japanese dividend payers (3.5%). Lower than average of industry peers (2.9%).Reported Earnings • May 18Third quarter 2023 earnings released: EPS: JP¥15.44 (vs JP¥22.21 in 3Q 2022)Third quarter 2023 results: EPS: JP¥15.44 (down from JP¥22.21 in 3Q 2022). Revenue: JP¥1.23b (flat on 3Q 2022). Net income: JP¥156.0m (down 30% from 3Q 2022). Profit margin: 13% (down from 18% in 3Q 2022). Revenue is forecast to grow 11% p.a. on average during the next 2 years, compared to a 2.5% growth forecast for the Telecom industry in Japan. Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has fallen by 25% per year, which means it is performing significantly worse than earnings.Valuation Update With 7 Day Price Move • Feb 22Investor sentiment improves as stock rises 15%After last week's 15% share price gain to JP¥479, the stock trades at a forward P/E ratio of 49x. Average forward P/E is 15x in the Telecom industry in Japan. Total loss to shareholders of 44% over the past three years.Reported Earnings • Feb 18Second quarter 2023 earnings released: JP¥2.01 loss per share (vs JP¥6.87 loss in 2Q 2022)Second quarter 2023 results: JP¥2.01 loss per share (improved from JP¥6.87 loss in 2Q 2022). Revenue: JP¥961.0m (up 8.1% from 2Q 2022). Net loss: JP¥20.0m (loss narrowed 71% from 2Q 2022). Revenue is forecast to grow 10% p.a. on average during the next 2 years, compared to a 3.0% growth forecast for the Telecom industry in Japan. Over the last 3 years on average, earnings per share has fallen by 30% per year but the company’s share price has only fallen by 22% per year, which means it has not declined as severely as earnings.Buying Opportunity • Feb 17Now 20% undervalued after recent price dropOver the last 90 days, the stock is down 8.6%. The fair value is estimated to be JP¥534, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue is forecast to grow by 13% in a year. Earnings is forecast to grow by 103% in the next year.Buying Opportunity • Dec 16Now 20% undervaluedOver the last 90 days, the stock is up 2.2%. The fair value is estimated to be JP¥593, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue is forecast to grow by 13% in a year. Earnings is forecast to grow by 103% in the next year.공시 • Nov 29Smartvalue Co., Ltd. to Report Q2, 2023 Results on Feb 14, 2023Smartvalue Co., Ltd. announced that they will report Q2, 2023 results on Feb 14, 2023Reported Earnings • Nov 17First quarter 2023 earnings released: JP¥9.49 loss per share (vs JP¥13.45 loss in 1Q 2022)First quarter 2023 results: JP¥9.49 loss per share (improved from JP¥13.45 loss in 1Q 2022). Revenue: JP¥789.0m (flat on 1Q 2022). Net loss: JP¥95.0m (loss narrowed 30% from 1Q 2022). Revenue is forecast to grow 9.9% p.a. on average during the next 2 years, compared to a 2.8% growth forecast for the Telecom industry in Japan.Board Change • Nov 16Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 7 highly experienced directors. 1 independent director (5 non-independent directors). Independent Outside Director Masanori Hara was the last independent director to join the board, commencing their role in 2013. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.Reported Earnings • Oct 06Full year 2022 earnings released: EPS: JP¥0.10 (vs JP¥140 loss in FY 2021)Full year 2022 results: EPS: JP¥0.10 (up from JP¥140 loss in FY 2021). Revenue: JP¥3.81b (up 10% from FY 2021). Net income: JP¥1.00m (up JP¥1.41b from FY 2021). Profit margin: 0% (up from net loss in FY 2021). The move to profitability was primarily driven by lower expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 65 percentage points per year, which is a significant difference in performance.공시 • Oct 01Smartvalue Co., Ltd. to Report Q1, 2023 Results on Nov 14, 2022Smartvalue Co., Ltd. announced that they will report Q1, 2023 results on Nov 14, 2022공시 • Aug 18Smartvalue Co., Ltd. (TSE:9417) announces an Equity Buyback for 100,000 shares, representing 1% for ¥70 million.Smartvalue Co., Ltd. (TSE:9417) announces a share repurchase program. Under the program, the company will repurchase up to 100,000 shares, representing 1% of its issued share capital (excluding treasury stock), for a total purchase price of ¥70 million. The purpose of the program is to improve capital efficiency and enhance shareholder returns. The program will continue through October 31, 2022. As of June 30, 2022, the company had 10,039,310 issued shares (excluding treasury stock) and 225,490 treasury shares.공시 • Aug 14Smartvalue Co., Ltd., Annual General Meeting, Sep 29, 2022Smartvalue Co., Ltd., Annual General Meeting, Sep 29, 2022. Agenda: General meeting of shareholders.Reported Earnings • Aug 14Full year 2022 earnings released: EPS: JP¥0.10 (vs JP¥140 loss in FY 2021)Full year 2022 results: EPS: JP¥0.10 (up from JP¥140 loss in FY 2021). Revenue: JP¥3.81b (up 10% from FY 2021). Net income: JP¥1.00m (up JP¥1.41b from FY 2021). Profit margin: 0% (up from net loss in FY 2021). The move to profitability was primarily driven by lower expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 69 percentage points per year, which is a significant difference in performance.공시 • Jul 01Smartvalue Co., Ltd. to Report Fiscal Year 2022 Results on Aug 12, 2022Smartvalue Co., Ltd. announced that they will report fiscal year 2022 results on Aug 12, 2022Upcoming Dividend • Jun 22Upcoming dividend of JP¥8.00 per shareEligible shareholders must have bought the stock before 29 June 2022. Payment date: 28 September 2022. The company is not currently making a profit but it is cash flow positive. Trailing yield: 1.7%. Lower than top quartile of Japanese dividend payers (3.8%). Lower than average of industry peers (3.1%).Reported Earnings • May 19Third quarter 2022 earnings: EPS misses analyst expectationsThird quarter 2022 results: EPS: JP¥22.21 (up from JP¥10.38 in 3Q 2021). Revenue: JP¥1.22b (up 13% from 3Q 2021). Net income: JP¥223.0m (up 114% from 3Q 2021). Profit margin: 18% (up from 9.6% in 3Q 2021). Revenue was in line with analyst estimates. Earnings per share (EPS) exceeded analyst estimates. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 94 percentage points per year, which is a significant difference in performance.Board Change • Apr 27Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 6 highly experienced directors. 1 independent director (5 non-independent directors). Independent Outside Director Masanori Hara was the last independent director to join the board, commencing their role in 2013. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.공시 • Apr 08Smartvalue Co., Ltd. to Report Q3, 2022 Results on May 13, 2022Smartvalue Co., Ltd. announced that they will report Q3, 2022 results on May 13, 2022Reported Earnings • Feb 17Second quarter 2022 earnings: EPS exceeds analyst expectationsSecond quarter 2022 results: JP¥6.87 loss per share (up from JP¥13.88 loss in 2Q 2021). Revenue: JP¥889.0m (up 23% from 2Q 2021). Net loss: JP¥69.0m (loss narrowed 50% from 2Q 2021). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 326%. Over the next year, revenue is forecast to grow 14%, compared to a 1.5% growth forecast for the industry in Japan.Reported Earnings • Nov 15First quarter 2022 earnings released: JP¥13.45 loss per share (vs JP¥14.09 loss in 1Q 2021)The company reported a solid first quarter result with reduced losses, improved revenues and improved control over expenses. First quarter 2022 results: Revenue: JP¥788.0m (up 17% from 1Q 2021). Net loss: JP¥135.0m (loss narrowed 4.3% from 1Q 2021).Upcoming Dividend • Jun 22Upcoming dividend of JP¥8.00 per shareEligible shareholders must have bought the stock before 29 June 2021. Payment date: 25 September 2021. Trailing yield: 1.0%. Lower than top quartile of Japanese dividend payers (3.0%). Lower than average of industry peers (3.7%).Is New 90 Day High Low • Mar 02New 90-day low: JP¥888The company is down 10.0% from its price of JP¥983 on 02 December 2020. The Japanese market is up 7.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Telecom industry, which is up 13% over the same period.Reported Earnings • Feb 14Second quarter 2021 earnings released: JP¥13.88 loss per share (vs JP¥95.08 profit in 2Q 2020)The company reported a poor second quarter result with weaker earnings, revenues and control over costs. Second quarter 2021 results: Revenue: JP¥723.0m (down 60% from 2Q 2020). Net loss: JP¥139.0m (down 115% from profit in 2Q 2020).Is New 90 Day High Low • Jan 20New 90-day low: JP¥894The company is down 20% from its price of JP¥1,119 on 22 October 2020. The Japanese market is up 13% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Telecom industry, which is up 19% over the same period.Is New 90 Day High Low • Dec 23New 90-day low: JP¥930The company is down 16% from its price of JP¥1,111 on 24 September 2020. The Japanese market is up 7.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Telecom industry, which is up 17% over the same period.Is New 90 Day High Low • Dec 02New 90-day low: JP¥950The company is down 3.0% from its price of JP¥977 on 03 September 2020. The Japanese market is up 9.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Telecom industry, which is up 4.0% over the same period.공시 • Oct 10Smartvalue Co., Ltd. to Report Q1, 2021 Results on Nov 13, 2020Smartvalue Co., Ltd. announced that they will report Q1, 2021 results on Nov 13, 2020매출 및 비용 세부 내역Smartvalue가 돈을 벌고 사용하는 방법. 최근 발표된 LTM 실적 기준.순이익 및 매출 추이TSE:9417 매출, 비용 및 순이익 (JPY Millions)날짜매출순이익일반관리비연구개발비31 Mar 265,6713811,963031 Dec 255,3854762,009030 Sep 254,7957761,934030 Jun 254,3619161,869031 Mar 253,885-3781,609031 Dec 243,906-2551,500030 Sep 243,840-2831,455030 Jun 243,814-3481,449031 Mar 243,737-3821,430031 Dec 233,837-2131,393030 Sep 233,863-1201,387030 Jun 233,873-481,343031 Mar 233,880231,302031 Dec 223,878901,285030 Sep 223,806411,281030 Jun 223,80511,285031 Mar 223,861-1,2121,270031 Dec 213,724-1,3311,254030 Sep 213,558-1,4011,232030 Jun 213,446-1,4071,219031 Mar 213,256-1,0271,164031 Dec 203,966-1841,410030 Sep 204,819-961,621030 Jun 205,958321,827031 Mar 207,0308622,081030 Jun 197,7431931,8530양질의 수익: 9417는 ¥1.9B 규모의 큰 일회성 이익이 있어 31st March, 2026까지 지난 12개월 재무 결과에 영향을 미쳤습니다.이익 마진 증가: 9417는 과거에 흑자전환했습니다.잉여현금흐름 대비 순이익 분석과거 순이익 성장 분석수익추이: 9417는 지난 5년 동안 흑자전환하며 연평균 63.1%의 수익 성장을 기록했습니다.성장 가속화: 9417는 지난해 흑자전환하여 5년 평균과 수익 성장률을 비교하기 어렵습니다.수익 대 산업: 9417는 지난해 흑자전환하여 지난 해 수익 성장률을 Telecom 업계(19.9%)와 비교하기 어렵습니다.자기자본이익률높은 ROE: 9417의 자본 수익률(13.8%)은 낮음으로 평가됩니다.총자산이익률투하자본수익률우수한 과거 실적 기업을 찾아보세요7D1Y7D1Y7D1YTelecom 산업에서 과거 실적이 우수한 기업.View Financial Health기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/05/20 01:06종가2026/05/20 00:00수익2026/03/31연간 수익2025/06/30데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델에 대한 자세한 내용은 당사의 Github 페이지에서 확인하실 수 있습니다. 또한 보고서 활용 방법에 대한 가이드와 YouTube 튜토리얼도 제공합니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스Smartvalue Co., Ltd.는 3명의 분석가가 다루고 있습니다. 이 중 0명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관null nullDaiwa Securities Co. Ltd.Kazuki TokunagaDaiwa Securities Co. Ltd.Keita FujinoThe Stock Research Center
Reported Earnings • 17hThird quarter 2026 earnings released: JP¥23.08 loss per share (vs JP¥13.09 loss in 3Q 2025)Third quarter 2026 results: JP¥23.08 loss per share (further deteriorated from JP¥13.09 loss in 3Q 2025). Revenue: JP¥1.39b (up 26% from 3Q 2025). Net loss: JP¥231.0m (loss widened 70% from 3Q 2025). Over the last 3 years on average, earnings per share has increased by 74% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings.
Reported Earnings • Feb 16Second quarter 2026 earnings released: JP¥38.12 loss per share (vs JP¥8.18 loss in 2Q 2025)Second quarter 2026 results: JP¥38.12 loss per share (further deteriorated from JP¥8.18 loss in 2Q 2025). Revenue: JP¥1.59b (up 59% from 2Q 2025). Net loss: JP¥385.0m (loss widened 353% from 2Q 2025). Over the last 3 years on average, earnings per share has increased by 61% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings.
공시 • Nov 29Smartvalue Co., Ltd. to Report Q2, 2026 Results on Feb 13, 2026Smartvalue Co., Ltd. announced that they will report Q2, 2026 results on Feb 13, 2026
공시 • Sep 27Smartvalue Co., Ltd. to Report Q1, 2026 Results on Nov 14, 2025Smartvalue Co., Ltd. announced that they will report Q1, 2026 results on Nov 14, 2025
Reported Earnings • Aug 16Full year 2025 earnings released: EPS: JP¥88.14 (vs JP¥33.49 loss in FY 2024)Full year 2025 results: EPS: JP¥88.14 (up from JP¥33.49 loss in FY 2024). Revenue: JP¥4.36b (up 14% from FY 2024). Net income: JP¥916.0m (up JP¥1.26b from FY 2024). Profit margin: 21% (up from net loss in FY 2024). Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings.
공시 • Jun 27Smartvalue Co., Ltd. to Report Fiscal Year 2025 Results on Aug 14, 2025Smartvalue Co., Ltd. announced that they will report fiscal year 2025 results on Aug 14, 2025
Reported Earnings • 17hThird quarter 2026 earnings released: JP¥23.08 loss per share (vs JP¥13.09 loss in 3Q 2025)Third quarter 2026 results: JP¥23.08 loss per share (further deteriorated from JP¥13.09 loss in 3Q 2025). Revenue: JP¥1.39b (up 26% from 3Q 2025). Net loss: JP¥231.0m (loss widened 70% from 3Q 2025). Over the last 3 years on average, earnings per share has increased by 74% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings.
New Risk • Apr 07New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 6.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (90% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (6.8% average weekly change). Market cap is less than US$100m (JP¥3.67b market cap, or US$23.0m).
Valuation Update With 7 Day Price Move • Apr 03Investor sentiment improves as stock rises 16%After last week's 16% share price gain to JP¥385, the stock trades at a trailing P/E ratio of 8.1x. Average trailing P/E is 13x in the Telecom industry in Japan. Total loss to shareholders of 1.1% over the past three years.
Valuation Update With 7 Day Price Move • Feb 20Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to JP¥334, the stock trades at a trailing P/E ratio of 7.3x. Average trailing P/E is 14x in the Telecom industry in Japan. Total loss to shareholders of 25% over the past three years.
New Risk • Feb 18New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 90% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (90% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Market cap is less than US$100m (JP¥3.55b market cap, or US$23.1m).
Reported Earnings • Feb 16Second quarter 2026 earnings released: JP¥38.12 loss per share (vs JP¥8.18 loss in 2Q 2025)Second quarter 2026 results: JP¥38.12 loss per share (further deteriorated from JP¥8.18 loss in 2Q 2025). Revenue: JP¥1.59b (up 59% from 2Q 2025). Net loss: JP¥385.0m (loss widened 353% from 2Q 2025). Over the last 3 years on average, earnings per share has increased by 61% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings.
공시 • Nov 29Smartvalue Co., Ltd. to Report Q2, 2026 Results on Feb 13, 2026Smartvalue Co., Ltd. announced that they will report Q2, 2026 results on Feb 13, 2026
공시 • Sep 27Smartvalue Co., Ltd. to Report Q1, 2026 Results on Nov 14, 2025Smartvalue Co., Ltd. announced that they will report Q1, 2026 results on Nov 14, 2025
공시 • Sep 06Smartvalue Co., Ltd. (TSE:9417) announces an Equity Buyback for 470,000 shares, representing 4.52% for ¥200 million.Smartvalue Co., Ltd. (TSE:9417) announces a share repurchase program. Under the program, the company will repurchase up to 470,000 shares, representing 4.52% of its issued share capital (excluding treasury stock), for a total purchase price of ¥200 million. The purpose of the program is to improve capital efficiency and enhance shareholder returns. The program will continue through November 30, 2025. As of June 30, 2025, the company had 10,392,310 issued shares (excluding treasury stock) and 287,490 treasury shares.
Reported Earnings • Aug 16Full year 2025 earnings released: EPS: JP¥88.14 (vs JP¥33.49 loss in FY 2024)Full year 2025 results: EPS: JP¥88.14 (up from JP¥33.49 loss in FY 2024). Revenue: JP¥4.36b (up 14% from FY 2024). Net income: JP¥916.0m (up JP¥1.26b from FY 2024). Profit margin: 21% (up from net loss in FY 2024). Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings.
공시 • Aug 14Smartvalue Co., Ltd., Annual General Meeting, Sep 26, 2025Smartvalue Co., Ltd., Annual General Meeting, Sep 26, 2025.
분석 기사 • Jul 22Is Smartvalue (TSE:9417) Using Too Much Debt?Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
공시 • Jul 02WingArc1st Inc. (TSE:4432) acquired Digital Government Business from Smartvalue Co., Ltd. (TSE:9417).WingArc1st Inc. (TSE:4432) agreed to acquire Digital Government Business from Smartvalue Co., Ltd. (TSE:9417) for ¥2.3 billion on April 10, 2025. A cash consideration of ¥2.3 billion will be paid by WingArc1st Inc. As part of consideration, ¥2.3 billion is paid towards assets of Digital Government Business of Smartvalue Co., Ltd. Smartvalue will issue target'a 500 common shares at the time of the Company Split. For the period ending June 30, 2024, Digital Government Business of Smartvalue Co., Ltd reported total revenue of ¥3.81 billion, operating loss of ¥308 million and net loss of ¥348 million. As of June 30, 2024, Digital Government Business of Smartvalue Co., Ltd reported total assets of ¥4.04 billion and total common equity of ¥2.16 billion. The expected completion of the transaction is June 30, 2025. WingArc1st Inc. (TSE:4432) completed the acquisition of Digital Government Business from Smartvalue Co., Ltd. (TSE:9417) on June 30, 2025.
공시 • Jun 27Smartvalue Co., Ltd. to Report Fiscal Year 2025 Results on Aug 14, 2025Smartvalue Co., Ltd. announced that they will report fiscal year 2025 results on Aug 14, 2025
Upcoming Dividend • Jun 20Upcoming dividend of JP¥8.00 per shareEligible shareholders must have bought the stock before 27 June 2025. Payment date: 29 September 2025. The company is not currently making a profit and is not cash flow positive. Trailing yield: 1.9%. Lower than top quartile of Japanese dividend payers (4.0%). Lower than average of industry peers (3.3%).
New Risk • Jun 16New major risk - Dividend sustainabilityThe dividend is not well covered by earnings and cash flows. The company is paying a dividend despite being loss-making. The company is paying a dividend despite having no free cash flows. Dividend yield: 1.9% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Minor Risks Share price has been volatile over the past 3 months (8.3% average weekly change). Market cap is less than US$100m (JP¥4.33b market cap, or US$30.1m).
Reported Earnings • May 21Third quarter 2025 earnings released: JP¥13.09 loss per share (vs JP¥1.25 loss in 3Q 2024)Third quarter 2025 results: JP¥13.09 loss per share (further deteriorated from JP¥1.25 loss in 3Q 2024). Revenue: JP¥1.10b (down 1.9% from 3Q 2024). Net loss: JP¥136.0m (loss widened JP¥123.0m from 3Q 2024). Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings.
분석 기사 • May 07Smartvalue Co., Ltd.'s (TSE:9417) P/S Is Still On The Mark Following 28% Share Price BounceSmartvalue Co., Ltd. ( TSE:9417 ) shares have had a really impressive month, gaining 28% after a shaky period...
분석 기사 • Apr 10Is Smartvalue (TSE:9417) A Risky Investment?Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
New Risk • Apr 07New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 7.1% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (7.1% average weekly change). Market cap is less than US$100m (JP¥3.18b market cap, or US$21.7m).
공시 • Apr 03Smartvalue Co., Ltd. to Report Q3, 2025 Results on May 15, 2025Smartvalue Co., Ltd. announced that they will report Q3, 2025 results on May 15, 2025
Reported Earnings • Feb 16Second quarter 2025 earnings released: JP¥8.18 loss per share (vs JP¥10.87 loss in 2Q 2024)Second quarter 2025 results: JP¥8.18 loss per share (improved from JP¥10.87 loss in 2Q 2024). Revenue: JP¥1.00b (up 7.1% from 2Q 2024). Net loss: JP¥85.0m (loss narrowed 25% from 2Q 2024). Over the last 3 years on average, earnings per share has increased by 52% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings.
공시 • Dec 05Smartvalue Co., Ltd. to Report Q2, 2025 Results on Feb 14, 2025Smartvalue Co., Ltd. announced that they will report Q2, 2025 results on Feb 14, 2025
Reported Earnings • Oct 03Full year 2024 earnings released: JP¥33.49 loss per share (vs JP¥4.75 loss in FY 2023)Full year 2024 results: JP¥33.49 loss per share (further deteriorated from JP¥4.75 loss in FY 2023). Revenue: JP¥3.81b (down 1.5% from FY 2023). Net loss: JP¥348.0m (loss widened JP¥300.0m from FY 2023). Over the last 3 years on average, earnings per share has increased by 84% per year but the company’s share price has fallen by 21% per year, which means it is significantly lagging earnings.
공시 • Aug 28Smartvalue Co., Ltd. to Report Q1, 2025 Results on Nov 14, 2024Smartvalue Co., Ltd. announced that they will report Q1, 2025 results on Nov 14, 2024
Reported Earnings • Aug 19Full year 2024 earnings released: JP¥33.49 loss per share (vs JP¥4.75 loss in FY 2023)Full year 2024 results: JP¥33.49 loss per share (further deteriorated from JP¥4.75 loss in FY 2023). Revenue: JP¥3.81b (down 1.5% from FY 2023). Net loss: JP¥348.0m (loss widened JP¥300.0m from FY 2023). Over the last 3 years on average, earnings per share has increased by 84% per year but the company’s share price has fallen by 24% per year, which means it is significantly lagging earnings.
공시 • Aug 14Smartvalue Co., Ltd., Annual General Meeting, Sep 26, 2024Smartvalue Co., Ltd., Annual General Meeting, Sep 26, 2024.
분석 기사 • Aug 03Investors Aren't Entirely Convinced By Smartvalue Co., Ltd.'s (TSE:9417) RevenuesIt's not a stretch to say that Smartvalue Co., Ltd.'s ( TSE:9417 ) price-to-sales (or "P/S") ratio of 0.9x right now...
공시 • Jun 30Smartvalue Co., Ltd. to Report Fiscal Year 2024 Results on Aug 14, 2024Smartvalue Co., Ltd. announced that they will report fiscal year 2024 results on Aug 14, 2024
Upcoming Dividend • Jun 20Upcoming dividend of JP¥8.00 per shareEligible shareholders must have bought the stock before 27 June 2024. Payment date: 27 September 2024. The company is not currently making a profit and is not cash flow positive. Trailing yield: 2.0%. Lower than top quartile of Japanese dividend payers (3.4%). Lower than average of industry peers (3.4%).
Reported Earnings • May 21Third quarter 2024 earnings released: JP¥1.25 loss per share (vs JP¥15.44 profit in 3Q 2023)Third quarter 2024 results: JP¥1.25 loss per share (down from JP¥15.44 profit in 3Q 2023). Revenue: JP¥1.13b (down 8.2% from 3Q 2023). Net loss: JP¥13.0m (down 108% from profit in 3Q 2023). Over the last 3 years on average, earnings per share has increased by 84% per year but the company’s share price has fallen by 17% per year, which means it is significantly lagging earnings.
분석 기사 • Apr 26What Smartvalue Co., Ltd.'s (TSE:9417) 32% Share Price Gain Is Not Telling YouSmartvalue Co., Ltd. ( TSE:9417 ) shareholders have had their patience rewarded with a 32% share price jump in the last...
분석 기사 • Apr 25Does Smartvalue (TSE:9417) Have A Healthy Balance Sheet?Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
New Risk • Apr 25New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 6.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Earnings have declined by 7.0% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (6.7% average weekly change). Market cap is less than US$100m (JP¥4.91b market cap, or US$31.5m).
공시 • Feb 25Smartvalue Co., Ltd. to Report Q3, 2024 Results on May 15, 2024Smartvalue Co., Ltd. announced that they will report Q3, 2024 results on May 15, 2024
Reported Earnings • Feb 17Second quarter 2024 earnings released: JP¥10.87 loss per share (vs JP¥2.01 loss in 2Q 2023)Second quarter 2024 results: JP¥10.87 loss per share (further deteriorated from JP¥2.01 loss in 2Q 2023). Revenue: JP¥935.0m (down 2.7% from 2Q 2023). Net loss: JP¥113.0m (loss widened 465% from 2Q 2023). Over the last 3 years on average, earnings per share has increased by 74% per year but the company’s share price has fallen by 23% per year, which means it is significantly lagging earnings.
공시 • Dec 13Smartvalue Co., Ltd. to Report Q2, 2024 Results on Feb 14, 2024Smartvalue Co., Ltd. announced that they will report Q2, 2024 results on Feb 14, 2024
New Risk • Nov 29New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Japanese stocks, typically moving 7.6% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (7.6% average weekly change). Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Earnings have declined by 10% per year over the past 5 years. Minor Risks Shareholders have been diluted in the past year (4.5% increase in shares outstanding). Market cap is less than US$100m (JP¥4.85b market cap, or US$32.9m).
Reported Earnings • Nov 19First quarter 2024 earnings released: JP¥16.07 loss per share (vs JP¥9.49 loss in 1Q 2023)First quarter 2024 results: JP¥16.07 loss per share (further deteriorated from JP¥9.49 loss in 1Q 2023). Revenue: JP¥779.0m (down 1.3% from 1Q 2023). Net loss: JP¥167.0m (loss widened 76% from 1Q 2023). Over the last 3 years on average, earnings per share has increased by 55% per year but the company’s share price has fallen by 29% per year, which means it is significantly lagging earnings.
공시 • Sep 29Smartvalue Co., Ltd. to Report Q1, 2024 Results on Nov 14, 2023Smartvalue Co., Ltd. announced that they will report Q1, 2024 results on Nov 14, 2023
New Risk • Aug 17New major risk - Revenue and earnings growthEarnings have declined by 16% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 349% Paying a dividend despite having no free cash flows. Earnings have declined by 16% per year over the past 5 years. Minor Risks Shareholders have been diluted in the past year (3.5% increase in shares outstanding). Market cap is less than US$100m (JP¥3.94b market cap, or US$27.0m).
공시 • Aug 16Smartvalue Co., Ltd., Annual General Meeting, Sep 26, 2023Smartvalue Co., Ltd., Annual General Meeting, Sep 26, 2023.
Reported Earnings • Aug 16Full year 2023 earnings released: JP¥4.75 loss per share (vs JP¥0.10 profit in FY 2022)Full year 2023 results: JP¥4.75 loss per share (down from JP¥0.10 profit in FY 2022). Revenue: JP¥3.87b (up 1.8% from FY 2022). Net loss: JP¥48.0m (down JP¥49.0m from profit in FY 2022). Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has fallen by 26% per year, which means it is significantly lagging earnings.
공시 • Jun 28Smartvalue Co., Ltd. to Report Fiscal Year 2023 Results on Aug 14, 2023Smartvalue Co., Ltd. announced that they will report fiscal year 2023 results on Aug 14, 2023
Upcoming Dividend • Jun 22Upcoming dividend of JP¥8.00 per share at 2.0% yieldEligible shareholders must have bought the stock before 29 June 2023. Payment date: 02 October 2023. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 2.0%. Lower than top quartile of Japanese dividend payers (3.5%). Lower than average of industry peers (2.9%).
Reported Earnings • May 18Third quarter 2023 earnings released: EPS: JP¥15.44 (vs JP¥22.21 in 3Q 2022)Third quarter 2023 results: EPS: JP¥15.44 (down from JP¥22.21 in 3Q 2022). Revenue: JP¥1.23b (flat on 3Q 2022). Net income: JP¥156.0m (down 30% from 3Q 2022). Profit margin: 13% (down from 18% in 3Q 2022). Revenue is forecast to grow 11% p.a. on average during the next 2 years, compared to a 2.5% growth forecast for the Telecom industry in Japan. Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has fallen by 25% per year, which means it is performing significantly worse than earnings.
Valuation Update With 7 Day Price Move • Feb 22Investor sentiment improves as stock rises 15%After last week's 15% share price gain to JP¥479, the stock trades at a forward P/E ratio of 49x. Average forward P/E is 15x in the Telecom industry in Japan. Total loss to shareholders of 44% over the past three years.
Reported Earnings • Feb 18Second quarter 2023 earnings released: JP¥2.01 loss per share (vs JP¥6.87 loss in 2Q 2022)Second quarter 2023 results: JP¥2.01 loss per share (improved from JP¥6.87 loss in 2Q 2022). Revenue: JP¥961.0m (up 8.1% from 2Q 2022). Net loss: JP¥20.0m (loss narrowed 71% from 2Q 2022). Revenue is forecast to grow 10% p.a. on average during the next 2 years, compared to a 3.0% growth forecast for the Telecom industry in Japan. Over the last 3 years on average, earnings per share has fallen by 30% per year but the company’s share price has only fallen by 22% per year, which means it has not declined as severely as earnings.
Buying Opportunity • Feb 17Now 20% undervalued after recent price dropOver the last 90 days, the stock is down 8.6%. The fair value is estimated to be JP¥534, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue is forecast to grow by 13% in a year. Earnings is forecast to grow by 103% in the next year.
Buying Opportunity • Dec 16Now 20% undervaluedOver the last 90 days, the stock is up 2.2%. The fair value is estimated to be JP¥593, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue is forecast to grow by 13% in a year. Earnings is forecast to grow by 103% in the next year.
공시 • Nov 29Smartvalue Co., Ltd. to Report Q2, 2023 Results on Feb 14, 2023Smartvalue Co., Ltd. announced that they will report Q2, 2023 results on Feb 14, 2023
Reported Earnings • Nov 17First quarter 2023 earnings released: JP¥9.49 loss per share (vs JP¥13.45 loss in 1Q 2022)First quarter 2023 results: JP¥9.49 loss per share (improved from JP¥13.45 loss in 1Q 2022). Revenue: JP¥789.0m (flat on 1Q 2022). Net loss: JP¥95.0m (loss narrowed 30% from 1Q 2022). Revenue is forecast to grow 9.9% p.a. on average during the next 2 years, compared to a 2.8% growth forecast for the Telecom industry in Japan.
Board Change • Nov 16Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 7 highly experienced directors. 1 independent director (5 non-independent directors). Independent Outside Director Masanori Hara was the last independent director to join the board, commencing their role in 2013. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
Reported Earnings • Oct 06Full year 2022 earnings released: EPS: JP¥0.10 (vs JP¥140 loss in FY 2021)Full year 2022 results: EPS: JP¥0.10 (up from JP¥140 loss in FY 2021). Revenue: JP¥3.81b (up 10% from FY 2021). Net income: JP¥1.00m (up JP¥1.41b from FY 2021). Profit margin: 0% (up from net loss in FY 2021). The move to profitability was primarily driven by lower expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 65 percentage points per year, which is a significant difference in performance.
공시 • Oct 01Smartvalue Co., Ltd. to Report Q1, 2023 Results on Nov 14, 2022Smartvalue Co., Ltd. announced that they will report Q1, 2023 results on Nov 14, 2022
공시 • Aug 18Smartvalue Co., Ltd. (TSE:9417) announces an Equity Buyback for 100,000 shares, representing 1% for ¥70 million.Smartvalue Co., Ltd. (TSE:9417) announces a share repurchase program. Under the program, the company will repurchase up to 100,000 shares, representing 1% of its issued share capital (excluding treasury stock), for a total purchase price of ¥70 million. The purpose of the program is to improve capital efficiency and enhance shareholder returns. The program will continue through October 31, 2022. As of June 30, 2022, the company had 10,039,310 issued shares (excluding treasury stock) and 225,490 treasury shares.
공시 • Aug 14Smartvalue Co., Ltd., Annual General Meeting, Sep 29, 2022Smartvalue Co., Ltd., Annual General Meeting, Sep 29, 2022. Agenda: General meeting of shareholders.
Reported Earnings • Aug 14Full year 2022 earnings released: EPS: JP¥0.10 (vs JP¥140 loss in FY 2021)Full year 2022 results: EPS: JP¥0.10 (up from JP¥140 loss in FY 2021). Revenue: JP¥3.81b (up 10% from FY 2021). Net income: JP¥1.00m (up JP¥1.41b from FY 2021). Profit margin: 0% (up from net loss in FY 2021). The move to profitability was primarily driven by lower expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 69 percentage points per year, which is a significant difference in performance.
공시 • Jul 01Smartvalue Co., Ltd. to Report Fiscal Year 2022 Results on Aug 12, 2022Smartvalue Co., Ltd. announced that they will report fiscal year 2022 results on Aug 12, 2022
Upcoming Dividend • Jun 22Upcoming dividend of JP¥8.00 per shareEligible shareholders must have bought the stock before 29 June 2022. Payment date: 28 September 2022. The company is not currently making a profit but it is cash flow positive. Trailing yield: 1.7%. Lower than top quartile of Japanese dividend payers (3.8%). Lower than average of industry peers (3.1%).
Reported Earnings • May 19Third quarter 2022 earnings: EPS misses analyst expectationsThird quarter 2022 results: EPS: JP¥22.21 (up from JP¥10.38 in 3Q 2021). Revenue: JP¥1.22b (up 13% from 3Q 2021). Net income: JP¥223.0m (up 114% from 3Q 2021). Profit margin: 18% (up from 9.6% in 3Q 2021). Revenue was in line with analyst estimates. Earnings per share (EPS) exceeded analyst estimates. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 94 percentage points per year, which is a significant difference in performance.
Board Change • Apr 27Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 6 highly experienced directors. 1 independent director (5 non-independent directors). Independent Outside Director Masanori Hara was the last independent director to join the board, commencing their role in 2013. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
공시 • Apr 08Smartvalue Co., Ltd. to Report Q3, 2022 Results on May 13, 2022Smartvalue Co., Ltd. announced that they will report Q3, 2022 results on May 13, 2022
Reported Earnings • Feb 17Second quarter 2022 earnings: EPS exceeds analyst expectationsSecond quarter 2022 results: JP¥6.87 loss per share (up from JP¥13.88 loss in 2Q 2021). Revenue: JP¥889.0m (up 23% from 2Q 2021). Net loss: JP¥69.0m (loss narrowed 50% from 2Q 2021). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 326%. Over the next year, revenue is forecast to grow 14%, compared to a 1.5% growth forecast for the industry in Japan.
Reported Earnings • Nov 15First quarter 2022 earnings released: JP¥13.45 loss per share (vs JP¥14.09 loss in 1Q 2021)The company reported a solid first quarter result with reduced losses, improved revenues and improved control over expenses. First quarter 2022 results: Revenue: JP¥788.0m (up 17% from 1Q 2021). Net loss: JP¥135.0m (loss narrowed 4.3% from 1Q 2021).
Upcoming Dividend • Jun 22Upcoming dividend of JP¥8.00 per shareEligible shareholders must have bought the stock before 29 June 2021. Payment date: 25 September 2021. Trailing yield: 1.0%. Lower than top quartile of Japanese dividend payers (3.0%). Lower than average of industry peers (3.7%).
Is New 90 Day High Low • Mar 02New 90-day low: JP¥888The company is down 10.0% from its price of JP¥983 on 02 December 2020. The Japanese market is up 7.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Telecom industry, which is up 13% over the same period.
Reported Earnings • Feb 14Second quarter 2021 earnings released: JP¥13.88 loss per share (vs JP¥95.08 profit in 2Q 2020)The company reported a poor second quarter result with weaker earnings, revenues and control over costs. Second quarter 2021 results: Revenue: JP¥723.0m (down 60% from 2Q 2020). Net loss: JP¥139.0m (down 115% from profit in 2Q 2020).
Is New 90 Day High Low • Jan 20New 90-day low: JP¥894The company is down 20% from its price of JP¥1,119 on 22 October 2020. The Japanese market is up 13% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Telecom industry, which is up 19% over the same period.
Is New 90 Day High Low • Dec 23New 90-day low: JP¥930The company is down 16% from its price of JP¥1,111 on 24 September 2020. The Japanese market is up 7.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Telecom industry, which is up 17% over the same period.
Is New 90 Day High Low • Dec 02New 90-day low: JP¥950The company is down 3.0% from its price of JP¥977 on 03 September 2020. The Japanese market is up 9.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Telecom industry, which is up 4.0% over the same period.
공시 • Oct 10Smartvalue Co., Ltd. to Report Q1, 2021 Results on Nov 13, 2020Smartvalue Co., Ltd. announced that they will report Q1, 2021 results on Nov 13, 2020